$2,552 Closing Credit*
$214,900
977 SqFt
2 Beds
•1 Bath
Mark Chu, Listing Office: Movoto, Inc.
Is McLane, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, McLane has remained a Seller's Market.
Key Takeaway
McLane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLane, CA
How much do homes in McLane, CA cost?
Median Sold Price
$378,990
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,490(+0.4%)
Key Takeaway
The sold price of homes in McLane has remained the same since last year.
Summary: The median home sold price in McLane was $378,990 in October 2024, up 0.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | - | N/A |
| 2 Bedrooms | $260K | $275K | +5.8% |
| 3 Bedrooms | $344.3K | $360K | +4.6% |
| 4 Bedrooms | $480K | $488K | +1.7% |
| 5+ Bedrooms | $529.4K | $539.7K | +1.9% |
Summary: McLane housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Mayfair | $298K | $320K | +7.4% |
| Dakota | $340K | $357.5K | +5.1% |
| Sunnyside | $407K | $415K | +2.0% |
| McLane | $377.5K | $378.9K | 0.4% |
| Tarpey Village | $355K | $352.5K | -0.7% |
Housing Supply in McLane, CA
How many homes are available in McLane, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 159 | +3.2% |
Summary: The McLane real estate market had 159 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 77 | 85 | +10.4% |
| 4 Bedrooms | 33 | 34 | +3.0% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The McLane housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 28 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLane, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in McLane in October 2024, down by 33.3% month-over-month. Of the 28 sold homes, 29% were sold under asking, 32% were sold at asking, and 39% were sold over asking.
Days on Market for McLane, CA
How long does it take to sell a home in McLane, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 15 Days | -16.7% |
Summary: Homes in McLane had an average of 15 days on market in Oct 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLane are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in McLane; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.